Tag Archives: #usd

The bulls got a huge problem to take out the 1.3300 for good as sellers are very active. And it is not different this time around. We see a retest of 3295/3305 as a selling opportunity with possible targets visible on the chart. Placing the stop above 14. Should you have any questions feel free to contact us anytime.Good luck

The bulls are trying to hold above 1.1300 what we find as a positive development. Daily close above may open the way towards the 1.1450/1550 levels that are close to the top of the channel. On the other hand daily close below 1.1300 will negate the bullish scenario and may expose the 1.1200 ahead of psychological 1.1000. Should you have

…in relation to our view based on the weekly chart published a week ago (below article): A breakdown through an “ideal” double bottom formation and scenario 2 might be in play. The long weekend in US (market is open but lower liquidity expected) can present itself as a perfect envirnoment for a quick manipulation. Do you agree with us? Intraday

Short recap Asia mixed to lower Europe opening lower Trump a year ago – USD strength means confidence in US and his presidency Mnuchin yesterday – USD weakness good for US economy …and market took it as a future direction of US policy In other words the US trade war has begun and weak USD is part of it Market is concerned about widening current

Short recap Asia in green Europe opening higher Trumps racist comments are dangerous in general And can also change the behaviour of the public Thus hurting the consumption habits, investments and economy FR and GE looking at EZ investment budget/reforms USD hit by markets pricing monetary policy tightening in other developed countries Bitcoin ETF Fast Track Derailed by SEC Liquidity, Safety Worries link Applications for 12 ETFs and

Short recap Asia up Europe opening lower Trump in China to ask for China cutting financial ties with NoKo US-Chinese companies signed USD 9 bln deals USD impacted by headwinds/slowdown related to tax reform (implementation in 2019) As the tax cuts will spike the budget deficit and will have only temporary effect on the economy (according to Fitch) Brexit –

Short recap Asian slightly higher Europe opening lower Russian case moving with subpoenas issued for Trump’s son and his son-in-law A new India-China stand off in Himalaya? Toronto home sales down 40% y/y, 4th month of decline Average purchase price is CAD 746k vs CAD 920k in April Trump should speak on actions against China but the speech may be cancelled Trump – productivity stats: In the office

Short recap Asia in green as techs were inspired by Apple’s earnings Europe opening higher1 BoJ on a halfway to 2% inflation, must keep powerful QE in place Structural reforms needed to boost inflation Trump to address some China trade practices Iron ore down 1.8% after three day rally (seems not sustainable) and reaching USD 70 per tonne As it was on

Short recap Trump – Special Counsel headed by former FBI director Robert Mueller to investigate Trump-Russia connections Risk off overall, messy market reaction in Asia but creation of the Counsel may temper down the nerves USD – no clear direction for the market today yet USDJPY – no clear safe heaven buying reaction overnight Market still to face